Treasury note · Matured

91282CHY0 · 4.625% due September 15, 2026

Original term
3-Year
Maturity
Sep 15, 2026
Coupon
4.625%
Pays
Semi-Annual
Dated
Sep 15, 2023
First coupon
Mar 15, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$43.08bn
Held stripped
$108.8m
Share stripped
0.25%

Stripped par is held as separate interest and principal components rather than as whole securities. The Safe Rate indices deliberately do not deduct it, and the whole-market figure is published so that decision can be argued with. Market statistics.

Amount outstanding as reported by Treasury, in its Monthly Statement of the Public Debt. The Safe Rate indices weight on a different figure, float-adjusted original par, and the two are not comparable security by security. The index figures are published per holding.

Risk, September 9, 2026

Yield to maturity
withheld
Modified duration
0.014 yr
DV01
0.0001
Convexity
0.000
Dirty price
102.250

Yield and duration are withheld this close to maturity, not missing. Inside a month a Treasury trades on settlement mechanics rather than on yield, and its price is a rounding of par, annualizing a two-day stub produces a number in the tens of percent that would be arithmetically correct and completely misleading. The price, the residual and the key rate durations below are unaffected.

Where its rate sensitivity sits

3M
6M
1Y
2Y
3Y
5Y
7Y
10Y
15Y
20Y
25Y
30Y
Sensitivity to a one basis point move at each point on the curve, in years. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 0.97 cents per 100 of face cheap to the curve on that day.

Shown as a price rather than a yield. This security was close enough to maturity that annualizing is meaningless, the same reason it carries no yield to maturity above, and the same difference quoted in basis points would read as an enormous mispricing rather than the few cents it is.

Yield to maturity, 747 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Sep 15, 2023Sep 9, 2026Sep 15, 2023Yield to maturity4.715%Sep 21, 2023Yield to maturity4.852%Sep 27, 2023Yield to maturity4.899%Oct 3, 2023Yield to maturity4.958%Oct 10, 2023Yield to maturity4.762%Oct 16, 2023Yield to maturity4.880%Oct 20, 2023Yield to maturity4.940%Oct 26, 2023Yield to maturity4.893%Nov 1, 2023Yield to maturity4.764%Nov 7, 2023Yield to maturity4.694%Nov 13, 2023Yield to maturity4.837%Nov 17, 2023Yield to maturity4.659%Nov 24, 2023Yield to maturity4.695%Nov 30, 2023Yield to maturity4.514%Dec 6, 2023Yield to maturity4.357%Dec 12, 2023Yield to maturity4.476%Dec 18, 2023Yield to maturity4.208%Dec 22, 2023Yield to maturity4.096%Dec 29, 2023Yield to maturity4.068%Jan 5, 2024Yield to maturity4.225%Jan 11, 2024Yield to maturity4.099%Jan 18, 2024Yield to maturity4.196%Jan 24, 2024Yield to maturity4.244%Jan 30, 2024Yield to maturity4.204%Feb 5, 2024Yield to maturity4.329%Feb 9, 2024Yield to maturity4.340%Feb 15, 2024Yield to maturity4.429%Feb 22, 2024Yield to maturity4.558%Feb 28, 2024Yield to maturity4.519%Mar 5, 2024Yield to maturity4.413%Mar 11, 2024Yield to maturity4.386%Mar 15, 2024Yield to maturity4.611%Mar 21, 2024Yield to maturity4.517%Mar 27, 2024Yield to maturity4.475%Apr 2, 2024Yield to maturity4.610%Apr 8, 2024Yield to maturity4.692%Apr 12, 2024Yield to maturity4.817%Apr 18, 2024Yield to maturity4.916%Apr 24, 2024Yield to maturity4.875%Apr 30, 2024Yield to maturity4.990%May 6, 2024Yield to maturity4.764%May 10, 2024Yield to maturity4.794%May 16, 2024Yield to maturity4.708%May 22, 2024Yield to maturity4.795%May 29, 2024Yield to maturity4.928%Jun 4, 2024Yield to maturity4.710%Jun 10, 2024Yield to maturity4.814%Jun 14, 2024Yield to maturity4.622%Jun 21, 2024Yield to maturity4.637%Jun 27, 2024Yield to maturity4.682%Jul 3, 2024Yield to maturity4.667%Jul 10, 2024Yield to maturity4.592%Jul 16, 2024Yield to maturity4.393%Jul 22, 2024Yield to maturity4.483%Jul 26, 2024Yield to maturity4.374%Aug 1, 2024Yield to maturity4.141%Aug 7, 2024Yield to maturity3.998%Aug 13, 2024Yield to maturity3.915%Aug 19, 2024Yield to maturity4.036%Aug 23, 2024Yield to maturity3.889%Aug 29, 2024Yield to maturity3.901%Sep 5, 2024Yield to maturity3.751%Sep 11, 2024Yield to maturity3.648%Sep 17, 2024Yield to maturity3.608%Sep 23, 2024Yield to maturity3.583%Sep 27, 2024Yield to maturity3.591%Oct 3, 2024Yield to maturity3.718%Oct 9, 2024Yield to maturity4.029%Oct 16, 2024Yield to maturity3.955%Oct 22, 2024Yield to maturity4.052%Oct 28, 2024Yield to maturity4.151%Nov 1, 2024Yield to maturity4.217%Nov 7, 2024Yield to maturity4.232%Nov 14, 2024Yield to maturity4.353%Nov 20, 2024Yield to maturity4.332%Nov 26, 2024Yield to maturity4.311%Dec 3, 2024Yield to maturity4.216%Dec 9, 2024Yield to maturity4.157%Dec 13, 2024Yield to maturity4.265%Dec 19, 2024Yield to maturity4.338%Dec 26, 2024Yield to maturity4.354%Jan 2, 2025Yield to maturity4.255%Jan 8, 2025Yield to maturity4.290%Jan 14, 2025Yield to maturity4.366%Jan 21, 2025Yield to maturity4.284%Jan 27, 2025Yield to maturity4.201%Jan 31, 2025Yield to maturity4.237%Feb 6, 2025Yield to maturity4.214%Feb 12, 2025Yield to maturity4.354%Feb 19, 2025Yield to maturity4.289%Feb 25, 2025Yield to maturity4.118%Mar 3, 2025Yield to maturity4.008%Mar 7, 2025Yield to maturity4.044%Mar 13, 2025Yield to maturity3.998%Mar 19, 2025Yield to maturity4.034%Mar 25, 2025Yield to maturity4.049%Mar 31, 2025Yield to maturity3.954%Apr 4, 2025Yield to maturity3.767%Apr 10, 2025Yield to maturity3.941%Apr 16, 2025Yield to maturity3.887%Apr 22, 2025Yield to maturity3.901%Apr 28, 2025Yield to maturity3.823%May 2, 2025Yield to maturity3.955%May 8, 2025Yield to maturity3.997%May 14, 2025Yield to maturity4.135%May 20, 2025Yield to maturity4.080%May 27, 2025Yield to maturity4.097%Jun 2, 2025Yield to maturity4.090%Jun 6, 2025Yield to maturity4.160%Jun 12, 2025Yield to maturity4.053%Jun 18, 2025Yield to maturity4.097%Jun 25, 2025Yield to maturity3.958%Jul 1, 2025Yield to maturity3.976%Jul 8, 2025Yield to maturity4.075%Jul 14, 2025Yield to maturity4.067%Jul 18, 2025Yield to maturity4.060%Jul 24, 2025Yield to maturity4.111%Jul 30, 2025Yield to maturity4.133%Aug 5, 2025Yield to maturity3.924%Aug 11, 2025Yield to maturity3.943%Aug 15, 2025Yield to maturity3.933%Aug 21, 2025Yield to maturity3.957%Aug 27, 2025Yield to maturity3.856%Sep 3, 2025Yield to maturity3.812%Sep 9, 2025Yield to maturity3.737%Sep 15, 2025Yield to maturity3.723%Sep 19, 2025Yield to maturity3.707%Sep 25, 2025Yield to maturity3.763%Oct 1, 2025Yield to maturity3.680%Oct 7, 2025Yield to maturity3.697%Oct 14, 2025Yield to maturity3.643%Oct 20, 2025Yield to maturity3.625%Oct 24, 2025Yield to maturity3.642%Oct 30, 2025Yield to maturity3.775%Nov 5, 2025Yield to maturity3.759%Nov 12, 2025Yield to maturity3.701%Nov 18, 2025Yield to maturity3.721%Nov 24, 2025Yield to maturity3.663%Dec 1, 2025Yield to maturity3.680%Dec 5, 2025Yield to maturity3.660%Dec 11, 2025Yield to maturity3.605%Dec 17, 2025Yield to maturity3.582%Dec 23, 2025Yield to maturity3.559%Dec 30, 2025Yield to maturity3.531%Jan 6, 2026Yield to maturity3.547%Jan 12, 2026Yield to maturity3.616%Jan 16, 2026Yield to maturity3.635%Jan 23, 2026Yield to maturity3.660%Jan 29, 2026Yield to maturity3.644%Feb 4, 2026Yield to maturity3.618%Feb 10, 2026Yield to maturity3.591%Feb 17, 2026Yield to maturity3.669%Feb 23, 2026Yield to maturity3.641%Feb 27, 2026Yield to maturity3.672%Mar 5, 2026Yield to maturity3.653%Mar 11, 2026Yield to maturity3.623%Mar 17, 2026Yield to maturity3.653%Mar 23, 2026Yield to maturity3.751%Mar 27, 2026Yield to maturity3.787%Apr 2, 2026Yield to maturity3.766%Apr 8, 2026Yield to maturity3.731%Apr 14, 2026Yield to maturity3.771%Apr 20, 2026Yield to maturity3.734%Apr 24, 2026Yield to maturity3.695%Apr 30, 2026Yield to maturity3.752%May 6, 2026Yield to maturity3.711%May 12, 2026Yield to maturity3.666%May 18, 2026Yield to maturity3.714%May 22, 2026Yield to maturity3.760%May 29, 2026Yield to maturity3.711%Jun 4, 2026Yield to maturity3.788%Jun 10, 2026Yield to maturity3.737%Jun 16, 2026Yield to maturity3.806%Jun 23, 2026Yield to maturity3.739%Jun 29, 2026Yield to maturity3.673%Jul 6, 2026Yield to maturity3.744%Jul 10, 2026Yield to maturity3.666%Jul 16, 2026Yield to maturity3.794%Jul 22, 2026Yield to maturity3.708%Jul 28, 2026Yield to maturity3.837%Aug 3, 2026Yield to maturity3.733%Aug 7, 2026Yield to maturity3.911%Aug 13, 2026Yield to maturity3.831%

Price history

747 trading days to Sep 9, 2026

9899100101102103Sep 15, 2023Sep 9, 2026Sep 15, 2023Close99.750Sep 21, 2023Close99.375Sep 27, 2023Close99.250Oct 3, 2023Close99.094Oct 10, 2023Close99.625Oct 16, 2023Close99.313Oct 20, 2023Close99.156Oct 26, 2023Close99.281Nov 1, 2023Close99.625Nov 7, 2023Close99.813Nov 13, 2023Close99.438Nov 17, 2023Close99.906Nov 24, 2023Close99.813Nov 30, 2023Close100.281Dec 6, 2023Close100.688Dec 12, 2023Close100.375Dec 18, 2023Close101.063Dec 22, 2023Close101.344Dec 29, 2023Close101.406Jan 5, 2024Close101.000Jan 11, 2024Close101.313Jan 18, 2024Close101.063Jan 24, 2024Close100.938Jan 30, 2024Close101.031Feb 5, 2024Close100.719Feb 9, 2024Close100.688Feb 15, 2024Close100.469Feb 22, 2024Close100.156Feb 28, 2024Close100.250Mar 5, 2024Close100.500Mar 11, 2024Close100.563Mar 15, 2024Close100.031Mar 21, 2024Close100.250Mar 27, 2024Close100.344Apr 2, 2024Close100.031Apr 8, 2024Close99.844Apr 12, 2024Close99.563Apr 18, 2024Close99.344Apr 24, 2024Close99.438Apr 30, 2024Close99.188May 6, 2024Close99.688May 10, 2024Close99.625May 16, 2024Close99.813May 22, 2024Close99.625May 29, 2024Close99.344Jun 4, 2024Close99.813Jun 10, 2024Close99.594Jun 14, 2024Close100.000Jun 21, 2024Close99.969Jun 27, 2024Close99.875Jul 3, 2024Close99.906Jul 10, 2024Close100.063Jul 16, 2024Close100.469Jul 22, 2024Close100.281Jul 26, 2024Close100.500Aug 1, 2024Close100.969Aug 7, 2024Close101.250Aug 13, 2024Close101.406Aug 19, 2024Close101.156Aug 23, 2024Close101.438Aug 29, 2024Close101.406Sep 5, 2024Close101.688Sep 11, 2024Close101.875Sep 17, 2024Close101.938Sep 23, 2024Close101.969Sep 27, 2024Close101.938Oct 3, 2024Close101.688Oct 9, 2024Close101.094Oct 16, 2024Close101.219Oct 22, 2024Close101.031Oct 28, 2024Close100.844Nov 1, 2024Close100.719Nov 7, 2024Close100.688Nov 14, 2024Close100.469Nov 20, 2024Close100.500Nov 26, 2024Close100.531Dec 3, 2024Close100.688Dec 9, 2024Close100.781Dec 13, 2024Close100.594Dec 19, 2024Close100.469Dec 26, 2024Close100.438Jan 2, 2025Close100.594Jan 8, 2025Close100.531Jan 14, 2025Close100.406Jan 21, 2025Close100.531Jan 27, 2025Close100.656Jan 31, 2025Close100.594Feb 6, 2025Close100.625Feb 12, 2025Close100.406Feb 19, 2025Close100.500Feb 25, 2025Close100.750Mar 3, 2025Close100.906Mar 7, 2025Close100.844Mar 13, 2025Close100.906Mar 19, 2025Close100.844Mar 25, 2025Close100.813Mar 31, 2025Close100.938Apr 4, 2025Close101.188Apr 10, 2025Close100.938Apr 16, 2025Close101.000Apr 22, 2025Close100.969Apr 28, 2025Close101.063May 2, 2025Close100.875May 8, 2025Close100.813May 14, 2025Close100.625May 20, 2025Close100.688May 27, 2025Close100.656Jun 2, 2025Close100.656Jun 6, 2025Close100.563Jun 12, 2025Close100.688Jun 18, 2025Close100.625Jun 25, 2025Close100.781Jul 1, 2025Close100.750Jul 8, 2025Close100.625Jul 14, 2025Close100.625Jul 18, 2025Close100.625Jul 24, 2025Close100.563Jul 30, 2025Close100.531Aug 5, 2025Close100.750Aug 11, 2025Close100.719Aug 15, 2025Close100.719Aug 21, 2025Close100.688Aug 27, 2025Close100.781Sep 3, 2025Close100.813Sep 9, 2025Close100.875Sep 15, 2025Close100.875Sep 19, 2025Close100.875Sep 25, 2025Close100.813Oct 1, 2025Close100.875Oct 7, 2025Close100.844Oct 14, 2025Close100.875Oct 20, 2025Close100.875Oct 24, 2025Close100.844Oct 30, 2025Close100.719Nov 5, 2025Close100.719Nov 12, 2025Close100.750Nov 18, 2025Close100.719Nov 24, 2025Close100.750Dec 1, 2025Close100.719Dec 5, 2025Close100.719Dec 11, 2025Close100.750Dec 17, 2025Close100.750Dec 23, 2025Close100.750Dec 30, 2025Close100.750Jan 6, 2026Close100.719Jan 12, 2026Close100.656Jan 16, 2026Close100.625Jan 23, 2026Close100.594Jan 29, 2026Close100.594Feb 4, 2026Close100.594Feb 10, 2026Close100.594Feb 17, 2026Close100.531Feb 23, 2026Close100.531Feb 27, 2026Close100.500Mar 5, 2026Close100.500Mar 11, 2026Close100.500Mar 17, 2026Close100.469Mar 23, 2026Close100.406Mar 27, 2026Close100.375Apr 2, 2026Close100.375Apr 8, 2026Close100.375Apr 14, 2026Close100.344Apr 20, 2026Close100.344Apr 24, 2026Close100.344Apr 30, 2026Close100.313May 6, 2026Close100.313May 12, 2026Close100.313May 18, 2026Close100.281May 22, 2026Close100.250May 29, 2026Close100.250Jun 4, 2026Close100.219Jun 10, 2026Close100.219Jun 16, 2026Close100.188Jun 23, 2026Close100.188Jun 29, 2026Close100.188Jul 6, 2026Close100.156Jul 10, 2026Close100.156Jul 16, 2026Close100.125Jul 22, 2026Close100.125Jul 28, 2026Close100.094Aug 3, 2026Close100.094Aug 7, 2026Close100.063Aug 13, 2026Close100.063Aug 19, 2026Close100.063Aug 25, 2026Close100.031Aug 31, 2026Close100.031Sep 4, 2026Close100.000Sep 9, 2026Close100.000
The most recent 20 trading days of prices for 91282CHY0.
DateBidOfferClose
Sep 9, 2026–100.000100.000
Sep 8, 2026–100.000100.000
Sep 4, 2026–100.000100.000
Sep 3, 2026–100.031100.031
Sep 2, 2026–100.031100.031
Sep 1, 2026–100.031100.031
Aug 31, 2026–100.031100.031
Aug 28, 2026–100.031100.031
Aug 27, 2026–100.031100.031
Aug 26, 2026–100.031100.031
Aug 25, 2026–100.031100.031
Aug 24, 2026–100.031100.031
Aug 21, 2026–100.031100.031
Aug 20, 2026–100.063100.031
Aug 19, 2026–100.063100.063
Aug 18, 2026–100.063100.063
Aug 17, 2026–100.063100.063
Aug 14, 2026–100.063100.063
Aug 13, 2026–100.063100.063
Aug 12, 2026–100.063100.063

Prices are per 100 of face, from Treasury's own end-of-day file. A dash in the bid or offer column means none was posted that day.

Auction

A CUSIP can be auctioned more than once: Treasury reopens an existing security rather than issuing a new one, so the same bond is sold again at whatever yield the market then wants.

Auction history for 91282CHY0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Sep 11, 2023Sep 15, 2023New issue$44.0bn$44.0bn2.75x4.660%

The curve this was priced against →

Index levels before September 30, 2026 are back-tested. They were computed after the fact by applying the rules to historical data, which benefits from hindsight in the choice of rules, and an index cannot be invested in directly. Methodology v1.0 takes effect at that rebalance, when levels begin to be struck on the day; the rulebook is identical either way, and the version is published on every row.

A fitted curve is a fit, not a quote. Daily error averages 3.8 basis points across the history and reaches about 20 on the worst days, in December 2008, when the market was genuinely hard to fit one smooth curve to. Every curve page publishes its own fit error rather than burying it.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

Safe Rate™, Safe Rate Indices™ and the Safe Rate US Treasury Index™ are trademarks of Safe Rate, claimed through use in commerce and not registered. Third-party marks are the property of their owners, which are not affiliated with and do not endorse this data.

Curves are fitted from public Treasury data and carry fit error; figures are not a record of trading, and an index cannot be invested in directly. No claim of compliance with the IOSCO Principles for Financial Benchmarks is made or implied. Not investment advice, not an offer, and not a recommendation to buy or sell any security.